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Banking Average Salaries in Argentina 2024

How much money does a person working in Banking make in Argentina?


Average Monthly Salary
49,400 ARS
( 593,000 ARS yearly)

LOW
15,500
ARS
AVERAGE
49,400
ARS
HIGH
101,000
ARS
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Banking in Argentina typically earns around 49,400 ARS. Salaries range from 15,500 ARS (lowest average) to 101,000 ARS (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Argentina exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Banking
AML Analyst69,200 ARS
Assistant Bank Branch Manager63,400 ARS
Assistant Bank Manager78,800 ARS
ATM Manager67,200 ARS
ATM Service Technician18,700 ARS
Bank Accounts Analyst28,100 ARS
Bank Accounts Collector16,800 ARS
Bank Accounts Controller36,400 ARS
Bank Accounts Executive49,300 ARS
Bank Accounts Manager57,800 ARS
Bank Auditing Manager60,900 ARS
Bank Branch Manager85,700 ARS
Bank Branch Operations Coordinator35,200 ARS
Bank Clerk15,900 ARS
Bank Client Service Associate23,700 ARS
Bank Collector16,500 ARS
Bank Compliance Specialist44,100 ARS
Bank Manager102,000 ARS
Bank Operational Risk Manager93,400 ARS
Bank Operations Head102,000 ARS
Bank Operations Officer40,400 ARS
Bank Operations Specialist58,200 ARS
Bank Process Manager55,300 ARS
Bank Product Manager 65,600 ARS
Bank Programme Manager69,200 ARS
Bank Project Manager79,100 ARS
Bank Propositions Manager72,800 ARS
Bank Quantitative Analyst51,600 ARS
Bank Regional Manager101,000 ARS
Bank Regional Risk Officer52,300 ARS
Bank Relationship Manager74,900 ARS
Bank Relationship Officer34,300 ARS
Bank Sustainability Analyst57,600 ARS
Bank Teller17,000 ARS
Banker35,000 ARS
Banking Business Analyst52,100 ARS
Banking Business Development Officer30,900 ARS
Banking Business Planning Executive69,800 ARS
Banking Data Analyst59,700 ARS
Banking Product Manager61,200 ARS
Banking Reference Data Manager54,900 ARS
Banking Regulatory Compliance Officer61,900 ARS
Banking Risk Analyst51,800 ARS
Banking Technical Analyst26,500 ARS
Bankruptcy Coordinator34,900 ARS
Bill and Account Collector17,300 ARS
Blockchain Analyst43,000 ARS
Blockchain Architect50,500 ARS
Blockchain Auditor45,200 ARS
Blockchain Compliance Analyst47,100 ARS
Blockchain Consultant49,800 ARS
Blockchain Trade Facilitator41,100 ARS
Budget Analyst52,800 ARS
Capital Risk Manager97,300 ARS
Cards Marketing Manager66,300 ARS
Cash Management Manager87,300 ARS
Check Processing Manager65,200 ARS
Chief Blockchain Officer57,600 ARS
Commercial Vault Associate48,200 ARS
Corporate Banker36,000 ARS
Corporate Dealer52,100 ARS
Credit Analyst40,300 ARS
Credit and Collections Manager70,700 ARS
Credit Card Fraud Investigator54,700 ARS
Credit Portfolio Manager94,900 ARS
Credit Risk Analyst59,100 ARS
Credit Risk Associate55,400 ARS
Cryptocurrency Accountant31,000 ARS
Cryptocurrency Adviser60,800 ARS
Cryptocurrency Analyst46,000 ARS
Cryptocurrency Compliance Manager57,800 ARS
Cryptocurrency Trader52,300 ARS
Digital Banking Manager67,100 ARS
Digital Currency Analyst51,600 ARS
Direct Bank Sales Representative37,900 ARS
Exchange Control Consultant52,600 ARS
Executive Account Analyst49,400 ARS
Financial Bank Planning Consultant66,500 ARS
Financial Banking Analysis Manager72,600 ARS
Financial Banking Assistant23,800 ARS
Financial Banking Systems Manager68,600 ARS
Foreign Exchange Manager74,200 ARS
Fraud Analyst54,600 ARS
Fraud Detection Associate37,100 ARS
Fraud Detection Manager77,400 ARS
Fraud Detection Supervisor45,200 ARS
Internal Bank Audit Manager96,300 ARS
Internal Bank Auditor51,700 ARS
Internal Private Banker37,800 ARS
International Banking Manager99,800 ARS
Investment Banking Analyst77,200 ARS
Loan Analyst52,300 ARS
Loan Area Manager63,500 ARS
Loan Audit Team Leader59,500 ARS
Loan Branch Manager59,500 ARS
Loan Business Development Officer32,400 ARS
Loan Clerk17,300 ARS
Loan Collection and Recovery Manager59,800 ARS
Loan Collection Manager59,100 ARS
Loan Collector16,500 ARS
Loan Examiner22,200 ARS
Loan Officer19,000 ARS
Loan Processing Manager55,300 ARS
Loan Processor23,300 ARS
Loan Quality Assurance Auditor53,000 ARS
Loan Quality Assurance Manager59,500 ARS
Loan Quality Assurance Representative40,000 ARS
Loan Review Manager55,200 ARS
Loan Team Leader49,800 ARS
Loans Manager70,700 ARS
Mortgage Advisor34,600 ARS
Mortgage Collection Manager59,000 ARS
Mortgage Collector16,600 ARS
Mortgage Credit Analyst27,300 ARS
Mortgage Credit Manager58,000 ARS
Mortgage Development Manager67,100 ARS
Mortgage Document Reviewer23,100 ARS
Mortgage Funding Manager69,200 ARS
Mortgage Operations Manager88,000 ARS
Mortgage Payment Processing Clerk19,600 ARS
Mortgage Processing Manager55,900 ARS
Mortgage Processor22,200 ARS
Mortgage Quality Assurance Auditor51,300 ARS
Mortgage Quality Assurance Manager59,300 ARS
Mortgage Servicing Clerk17,300 ARS
Mortgage Servicing Manager55,600 ARS
Mortgage Underwriter22,400 ARS
Online Banking Manager85,700 ARS
Open Banking Strategist54,300 ARS
Payment Processing Clerk17,700 ARS
Personal Banker36,000 ARS
Personal Banking Advisor 39,300 ARS
Phone Banker25,400 ARS
Private Banker36,400 ARS
Reconciliation and Investigation Specialist43,300 ARS
Tax Officer31,700 ARS
Teller17,700 ARS
Trade Officer21,000 ARS
Trade Product Manager60,800 ARS
Trader25,700 ARS
Treasury Operations Officer43,700 ARS
Wealth Management Advisor74,200 ARS


Banking Jobs Pay Scale and Salaries in Argentina

Median and salary distribution Argentina Banking monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
49,100 ARS or more
10% of people earn
40,600 to 49,100 ARS
20% of people earn
22,100 ARS or less
65% of people earn
22,100 to 40,600 ARS
Minimum Salary
15,500 ARS
Median
43,900 ARS
Maximum
101,000 ARS




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Banking in Argentina range from 15,500 ARS (starting average salary) to 101,000 ARS (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Banking is 43,900 ARS, implying that half of the workforce in Argentina earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Banking in Argentina earn less than 32,800 ARS, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 54,000 ARS, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Banking in Argentina. The analysis revealed that roughly 65% of all reported salaries fell within the range of 22,100 ARS to 40,600 ARS. Approximately 20% of salaries were below the 22,100 ARS mark, while 10% ranged from 40,600 ARS to 49,100 ARS. Only 5% of individuals earned a gross salary of 49,100 ARS or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Banking in Argentina having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Banking in Argentina, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Argentina costs anywhere from 227,000 ARS to 680,000 ARS and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Banking / Argentina

Salary comparison by gender Argentina Banking monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Banking in Argentina, the average difference between the salary of male and female employees is 9%.

Male
51,500 ARS
Female-8%
47,400 ARS
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Argentina for all Careers

Salary comparison by gender monthly Argentina
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Average Annual Salary Increment Percentage / Banking / Argentina

How much are annual salary increments in Argentina for individuals working in Banking? How often do employees get salary raises?

Professionals working in Banking in Argentina are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Argentina Banking
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Argentina / All Professions

Annual Salary Increment Rate Argentina
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Argentina is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Banking / Argentina

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Argentina Banking
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25% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 75% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
75%
No Bonus
25%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Hourly Average Wage / Banking / Argentina


290 ARS per hour

The average hourly wage (pay per hour) in Banking in Argentina is 290 ARS.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Banking in Argentina is 89 ARS. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Avellaneda49,800 ARS
Bahia Blanca53,000 ARS
Buenos Aires56,900 ARS
Cordoba56,400 ARS
Corrientes53,400 ARS
La Plata55,600 ARS
Lanus50,500 ARS
Mar del Plata55,100 ARS
Mendoza48,800 ARS
Neuquen51,200 ARS
Quilmes51,000 ARS
Resistencia52,200 ARS
Rosario56,000 ARS
Salta54,200 ARS
San Juan48,500 ARS
San Miguel de Tucuman54,600 ARS
Santa Fe53,700 ARS
Santiago del Estero51,800 ARS

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Argentina is 7% on average across all career fields.

Private Sector
43,700 ARS
Public Sector+7%
46,600 ARS
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Banking in Argentina?

A good and competitive compensation would range anywhere between 43,900 ARS and 54,000 ARS. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Banking in Argentina ranges from 15,500 ARS to 32,800 ARS. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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